HC Big Dogs Plead, page-87

But not including the 33M AUD initial start-up capital expenditure cost (which I understand), but it is an interesting question what happens if they can't pay their operation and capital expenditure 20% cost from their 20% profit; this isn't an issue if the 1.5% laterite nickel ore price is $85US/t (now it's half at 40-43US/t) and production cost was 40US/t (as indicated estimated in October 2014) but it likely an issue now......if that is how it's setup.